The number of units produced annually is 50,000 . The number of units sold annually =40,000. Each unit sells for $100 each. Direct materials, direct labor and variable mfg overhead =$15 per unit. Variable seling \& administrative expenses =$5 per unit. Fixed manufacturing overhead =$275,000 Fiked selling \& administrative expense = \$100,000 Based on the above data, what is the Net Operating income for o Variable Costing Contribution Formatinsoms Statemen? (do not incluce a doilar sign or commas or decimals in your answer)